Market On Tuesday: God Opening To The Week, Volatile Days Ahead

The new trading week opened on a positive note on Monday, with both Nifty and Sensex closing on a gain. The NSE Nifty was up 48.85 points and closed at 22,104.05, while the BSE Sensex was also up by 111.66 points and closed at 72,776.13. As per the market experts, the global winds certainly show a positive trend towards the market, so good times may be expected. 

Bullish Momentum In These Stocks

The momentum indicator MACD has been hinting bullish movement in some stocks. These include Bharat Heavy Electricals, Irb Infrastructure Developers, Hindustan Zinc and Aditya Birla Capital.

Bharat Heavy Electricals is trading at Rs 283.15, following a jump of 3.23 per cent. Irb Infrastructure Developers saw a gain of 2.08 per cent, trading at Rs 63.95. 

Hindustan Zinc has been showing a bullish momentum and gained 8.91 per cent, currently available at Rs 572.30. In the last one year, it has given 84.79 per cent returns. 

Aditya Birla Capital is up by 2.82 per cent and is trading at Rs 222.30. 

Top Gainers That Closed On A High Note

Here are some of the top gainers of the last trading session that closed on a high note. These included Dynamic Cables, ESAB India, Spencer's Retail and India Tourism Development Corp.

Dynamic Cables saw a gain of 20 per cent and is trading at Rs 522.95. In the last five days, it has given 25.14 per cent returns. ESAB India was up by 12.07 per cent, available at Rs 5,669. In the last five days, it has gained 6.74 per cent.  

Spencer's Retail gained 8.68 per cent, trading at Rs 99.50. In the last one month, it has jumped 4.74 per cent. India Tourism Development Corp jumped 7.28 per cent and is trading at Rs 658.80. The 52-week high for this stock is Rs 878.95.

Gold And Silver Prices For The Day 

22k gold is priced at Rs 67,140 per 10 grams

24k gold is priced at Rs 73,240 per 10 grams

Silver is priced at Rs 86,400 per kilogram. 

Market Experts' Insights

Prashanth Tapse, Senior VP (Research), Mehta Equities 

India's CPI inflation rate hits an 11-month low, while Nifty bulls ride the anticipation of rate cuts towards its all-time high. Despite this apparent climb, increased volatility lurks beneath the surface, signaled by the India VIX breaching the 20 level. Investors await Fed Chair Powell's speech and key US inflation data, while technical analysis suggests bullish momentum with the 'Bullish Hammer' candlestick pattern. Corporate earnings flood in, with notable reports from Zomato, DLF, and Jindal Steel, alongside surging copper prices. Trade recommendations favour buying Nifty and Bank Nifty at current market prices, with a top stock pick on AUROBINDO PHARMA MAY FUTURES, driven by momentum.

(All views expressed by experts are personal. Investments are subject to market risks and this article suggests you to invest wisely)